Portfolio Manager

RESPONSIBILITIES:·  This position manages day-to-day credit activities including complex customer inquires. The incumbent is responsible for gathering financial information and preparing periodic reviews. He/she has a key role in monitoring credit performance, works with loan review and regulatory agencies and is responsible for managing the interface with Loan Administrators on a daily basis. This position supports the team in achieving high quality loan outstandings to new and existing customers, a portfolio risk profile consistent with Sovereign’s objectives and strong customer relationships through the sale of Sovereign’s fee based products and services. ·  Loan Management ·  Interpret financial information by reviewing the financial statement analysis. ·  Evaluate customer’s financial performance and ability to meet debt service under various economic conditions and its potential impact on the credit risk. ·  Prepare periodic reviews of existing loans through the analysis of financial statement projections, cash flow, industry and trend data in concert with Sovereign’s credit policies. ·  Work with Relationship Managers to determine the appropriate strategy for the credit. ·  Follow-up directly with customers to obtain and provide information to ensure the customer receives responses consistent with Sovereign’s service standards. ·  Credit Management ·  Monitor credit performance including financial analysis and reviews, compliance and collateral, delinquencies and credit problems to ensure the on-going soundness of the portfolio. Prepare credit policy compliance forms and status reports in a timely manner. ·  Risk rate the credit in conjunction with Relationship Manager and Sovereign’s credit policy. ·  With Relationship Manager, maintain satisfactory loan review rating. ·  Identify areas of loan risk and inform Relationship Manager of credit changes. ·  Manage the day-to-day interface with Loan Administration. ·  Customer Support ·  Provide high quality support directly to customers in order to establish and build strong customer relationships. ·  Work with business partners to deliver timely, accurate responses to customer inquiries. ·  Proactively respond to customer requests by providing Red Carpet service. ·  Applies a broad understanding of Sovereign’s products and services to cross selling opportunities with existing relationships. ·  Participate in customer meetings as requested by Relationship Managers. ·  Act as mentor to less experienced Portfolio Managers. ·  Participates in special projects as assigned. Requirements  Qualifications: - A Bachelor’s degree in Finance, Accounting, Economics or related field, or equivalent work experience, and at least 4 years of commercial credit experience SKILLS AND KNOWLEDGE Superior credit and risk analysis skills Strong customer service orientation Ability to understand and work with computer spreadsheets and databases Superior analytical, problem-solving and organizational skills Self starter with good interpersonal skills and clear and articulate verbal and written communication skills Ability to work well within a structured team environment Results oriented with an ability to accomplish objectives in a specified timeframeTo apply to this position:Please go to http://www.sovereignbank.com/, select the “About Sovereignâ€� tab, and then select the “Careersâ€� tab. This will take you to a screen where you will select “Employment Opportunitiesâ€�. Chose the “Advanced Searchâ€� and fill in Job ID# 32785. Select the position for which you are applying and please upload OR copy and paste your resume onto the application. ABOUT SOVEREIGN:Sovereign Bancorp, Inc., (“Sovereignâ€�) (NYSE: SOV), is the parent company of Sovereign Bank, afinancial institution with principal markets in the Northeastern United States. Sovereign Bank has750 community banking offices, over 2,300 ATMs and approximately 12,000 team members. Sovereign offers a broad array of financial services and products including retail banking, business andcorporate banking, cash management, capital markets, wealth management and insurance. For moreinformation on Sovereign Bank, visit http://www.sovereignbank.com or call 1-877-SOV-BANK.We value the advantages afforded only through a diversework force and encourage all to apply. EOE M/F/D/V